Overview: In 2018, Tankers were the world's 175th most traded product, with a total trade of $15.8B. Between 2017 and 2018 the exports of Tankers decreased by -10.4%, from $17.6B to $15.8B. Trade in Tankers represent 0.086% of total world trade.
Exports: In 2018 the top exporters of Tankers were South Korea ($10.9B), Belgium-Luxembourg ($1.19B), Poland ($687M), China ($533M), and Japan ($347M).
Imports: In 2018 the top importers of Tankers were Marshall Islands ($2.27B), Bahamas ($1.51B), Liberia ($1.41B), Greece ($1.14B), and United Kingdom ($926M).
Tariffs: In 2018 the average tariff for Tankers was 4.18%, been the 4817 lowest tariff using the HS6 product classification.
The countries with the highest import tariffs for Tankers are Bermuda (35%), Maldives (24.5%), Romania (17.2%), Panama (15%), and Cambodia (15%). The countries with the lowest tariffs are Angola (0%), Algeria (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).
Ranking: Tankers ranks 2785th in the Product Complexity Index (PCI).